§431:10D-112  Policy settlements.  Anylife insurer shall have the power to hold under agreement the proceeds of anypolicy issued by it, upon such terms and restrictions as to revocation by thepolicyholder and control by beneficiaries, and with such exemptions from theclaims of creditors of beneficiaries other than the policyholder as set forthin the policy or as agreed to in writing by the insurer and the policyholder. Upon maturity of a policy in the event the policyholder has made no suchagreement, the insurer shall have the power to hold the proceeds of the policyunder an agreement with the beneficiaries.  The insurer shall not be requiredto segregate funds so held but may hold them as part of its general assets. [L1987, c 347, pt of §2]